AMD Q3 Earnings: Revenue Beat, EPS In Line, Data Center Up 122%, 'Significant' Growth Opportunities Ahead Driven By 'Insatiable' Demand

Advanced Micro Devices Inc (NASDAQ:AMD) reported third-quarter financial results after the market close on Tuesday. Here’s everything you need to know from the report.

Q3 Earnings: AMD reported third-quarter revenue of $6.8 billion, beating analyst estimates of $6.71 billion. The chipmaker reported third-quarter earnings of 92 cents, in line with analyst estimates, according to Benzinga Pro.

Total revenue was up 18% year-over-year, led by Data Center revenue of $3.5 billion, up 122% year-over-year. Client segment revenue totaled $1.9 billion, up 29% year-over-year. Gaming revenue fell 69% year-over-year to $462 million and Embedded revenue declined 25% year-over-year to $927 million. ...